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INTELLECT
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Recent events
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News
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Corporate Actions
Intellect Design Arena Says Intellectai Partners With Across America Insurance Services
March 11 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECTAI PARTNERS WITH ACROSS AMERICA INSURANCE SERVICES
Source text: ID:nNSEcfvWFn
Further company coverage: INEE.NS
(([email protected];;))
March 11 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECTAI PARTNERS WITH ACROSS AMERICA INSURANCE SERVICES
Source text: ID:nNSEcfvWFn
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Assumes Responsibility For Central 1'S Digital Banking Operations
March 3 (Reuters) - Intellect Design Arena Ltd INEE.NS:
ASSUMES RESPONSIBILITY FOR CENTRAL 1'S DIGITAL BANKING OPERATIONS
Source text: ID:nBSE70wh9c
Further company coverage: INEE.NS
(([email protected];;))
March 3 (Reuters) - Intellect Design Arena Ltd INEE.NS:
ASSUMES RESPONSIBILITY FOR CENTRAL 1'S DIGITAL BANKING OPERATIONS
Source text: ID:nBSE70wh9c
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Says Purple Fabric Ai Platform Clinches 2 Bln Rupees Multi-Year Deal
Feb 20 (Reuters) - Intellect Design Arena Ltd INEE.NS:
PURPLE FABRIC AI PLATFORM CLINCHES 2 BILLION RUPEES MULTI-YEAR DEAL
INTELLECTAI ANNOUNCES AGREEMENT WITH LONDON MARKET BROKERAGE FIRM
Source text: ID:nNSE3L6d66
Further company coverage: INEE.NS
(([email protected];;))
Feb 20 (Reuters) - Intellect Design Arena Ltd INEE.NS:
PURPLE FABRIC AI PLATFORM CLINCHES 2 BILLION RUPEES MULTI-YEAR DEAL
INTELLECTAI ANNOUNCES AGREEMENT WITH LONDON MARKET BROKERAGE FIRM
Source text: ID:nNSE3L6d66
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Says Successful Second Phase Go-Live Of eMACH.ai DTB Solution At Boubyan Bank
Feb 18 (Reuters) - Intellect Design Arena Ltd INEE.NS:
SUCCESSFUL SECOND PHASE GO-LIVE OF EMACH.AI DTB SOLUTION AT BOUBYAN BANK
Source text: ID:nNSEbk919x
Further company coverage: INEE.NS
(([email protected];;))
Feb 18 (Reuters) - Intellect Design Arena Ltd INEE.NS:
SUCCESSFUL SECOND PHASE GO-LIVE OF EMACH.AI DTB SOLUTION AT BOUBYAN BANK
Source text: ID:nNSEbk919x
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Dec-Quarter Consol Net Profit 701.9 Mln Rupees
Jan 24 (Reuters) - Intellect Design Arena Ltd INEE.NS:
DEC-QUARTER CONSOL NET PROFIT 701.9 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.1 BILLION RUPEES
INVESTMENT OF 200 MILLION RUPEES IN DIGIVATION DIGITAL SOLUTIONS
Source text: ID:nNSE83mc7z
Further company coverage: INEE.NS
(([email protected];;))
Jan 24 (Reuters) - Intellect Design Arena Ltd INEE.NS:
DEC-QUARTER CONSOL NET PROFIT 701.9 MILLION RUPEES
DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 6.1 BILLION RUPEES
INVESTMENT OF 200 MILLION RUPEES IN DIGIVATION DIGITAL SOLUTIONS
Source text: ID:nNSE83mc7z
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Says Central 1 Credit Union And Co's Subsidiary Signed An Agreement
Jan 23 (Reuters) - Intellect Design Arena Ltd INEE.NS:
CENTRAL 1 CREDIT UNION AND CO'S SUBSIDIARY SIGNED AN AGREEMENT
INTELLECT TO ASSUME RESPONSIBILITY FOR CENTRAL 1'S DIGITAL BANKING OPERATIONS
Source text: ID:nNSEh0MlM
Further company coverage: INEE.NS
(([email protected];;))
Jan 23 (Reuters) - Intellect Design Arena Ltd INEE.NS:
CENTRAL 1 CREDIT UNION AND CO'S SUBSIDIARY SIGNED AN AGREEMENT
INTELLECT TO ASSUME RESPONSIBILITY FOR CENTRAL 1'S DIGITAL BANKING OPERATIONS
Source text: ID:nNSEh0MlM
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Says R.E. Chaix Selects IntellectAI's Underwriting Ecosystem
Jan 21 (Reuters) - Intellect Design Arena Ltd INEE.NS:
R.E. CHAIX SELECTS INTELLECTAI'S UNDERWRITING ECOSYSTEM
Source text: ID:nNSE1vlMbb
Further company coverage: INEE.NS
(([email protected];;))
Jan 21 (Reuters) - Intellect Design Arena Ltd INEE.NS:
R.E. CHAIX SELECTS INTELLECTAI'S UNDERWRITING ECOSYSTEM
Source text: ID:nNSE1vlMbb
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Says IntellectAI And Confianza Announce Partnership
Jan 16 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECTAI AND CONFIANZA ANNOUNCE PARTNERSHIP
Source text: ID:nBSEc6h64b
Further company coverage: INEE.NS
(([email protected];;))
Jan 16 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECTAI AND CONFIANZA ANNOUNCE PARTNERSHIP
Source text: ID:nBSEc6h64b
Further company coverage: INEE.NS
(([email protected];;))
India's Intellect Design Arena jumps on block deals at premium
** Software development co Intellect Design Arena INEE.NS jumps 12.5% to 1,029.60 rupees, highest in about three months
** More than 305,000 shares traded in four block deals in the range of 1,003.50-1,027.70 rupees - LSEG data
** Block deals at 9.6%-12.3% premium to Tuesday's close; markets were shut on Wednesday for the Christmas holiday
** Overall, ~14 mln shares traded, ~11x the 30-day avg
** INEE up ~23% YTD
(Reporting by Dimpal Gulwani in Bengaluru)
** Software development co Intellect Design Arena INEE.NS jumps 12.5% to 1,029.60 rupees, highest in about three months
** More than 305,000 shares traded in four block deals in the range of 1,003.50-1,027.70 rupees - LSEG data
** Block deals at 9.6%-12.3% premium to Tuesday's close; markets were shut on Wednesday for the Christmas holiday
** Overall, ~14 mln shares traded, ~11x the 30-day avg
** INEE up ~23% YTD
(Reporting by Dimpal Gulwani in Bengaluru)
India's Intellect Design Arena surges on block deals at premium
** Shares of Intellect Design Arena INEE.NS jump 11.9% to 917.45 rupees, their highest since early-Oct
** Around 148,000 shares changed hands in two block deals in range of 905.95-920 rupees a share, LSEG data shows
** Deals at 10.5%-12.2% premium on last close
** Stock eyes busiest trading session since late-July, volumes at 38.5x the 30-day avg
** INEE up ~9% YTD
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
** Shares of Intellect Design Arena INEE.NS jump 11.9% to 917.45 rupees, their highest since early-Oct
** Around 148,000 shares changed hands in two block deals in range of 905.95-920 rupees a share, LSEG data shows
** Deals at 10.5%-12.2% premium on last close
** Stock eyes busiest trading session since late-July, volumes at 38.5x the 30-day avg
** INEE up ~9% YTD
(Reporting by Manvi Pant in Bengaluru)
(([email protected]; +918447554364;))
Intellect Design Arena Names Aarushi Jain As Chairman And Managing Director
Dec 6 (Reuters) - Intellect Design Arena Ltd INEE.NS:
NAMES AARUSHI JAIN AS CHAIRMAN AND MANAGING DIRECTOR
APPROVED WINDING UP OF ALTERNATE INVESTMENT FUNDS CATEGORY II
Source text: ID:nBSE4hgcC5
Further company coverage: INEE.NS
(([email protected];;))
Dec 6 (Reuters) - Intellect Design Arena Ltd INEE.NS:
NAMES AARUSHI JAIN AS CHAIRMAN AND MANAGING DIRECTOR
APPROVED WINDING UP OF ALTERNATE INVESTMENT FUNDS CATEGORY II
Source text: ID:nBSE4hgcC5
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Sept-Quarter Consol Net Profit 528.1 Mln Rupees
Nov 6 (Reuters) - Intellect Design Arena Ltd INEE.NS:
SEPT-QUARTER CONSOL NET PROFIT 528.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.58 BILLION RUPEES
Source text: ID:nBSEhSv9q
Further company coverage: INEE.NS
(([email protected];;))
Nov 6 (Reuters) - Intellect Design Arena Ltd INEE.NS:
SEPT-QUARTER CONSOL NET PROFIT 528.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.58 BILLION RUPEES
Source text: ID:nBSEhSv9q
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Sept-Quarter Consol Net Profit 528.1 Mln Rupees
Oct 25 (Reuters) - Intellect Design Arena Ltd INEE.NS:
SEPT-QUARTER CONSOL NET PROFIT 528.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.58 BILLION RUPEES
Source text for Eikon: ID:nBSE6HYbng
Further company coverage: INEE.NS
(([email protected];;))
Oct 25 (Reuters) - Intellect Design Arena Ltd INEE.NS:
SEPT-QUARTER CONSOL NET PROFIT 528.1 MILLION RUPEES
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 5.58 BILLION RUPEES
Source text for Eikon: ID:nBSE6HYbng
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Says UAE's National Bank Of Fujairah Partners With Co
Oct 17 (Reuters) - Intellect Design Arena Ltd INEE.NS:
UAE'S NATIONAL BANK OF FUJAIRAH PARTNERS WITH INTELLECT
Source text for Eikon: ID:nNSE5k59wn
Further company coverage: INEE.NS
(([email protected];;))
Oct 17 (Reuters) - Intellect Design Arena Ltd INEE.NS:
UAE'S NATIONAL BANK OF FUJAIRAH PARTNERS WITH INTELLECT
Source text for Eikon: ID:nNSE5k59wn
Further company coverage: INEE.NS
(([email protected];;))
Intellect Design Arena Announces Global Launch Of Emach.AI Cloud For Wholesale Banking
Oct 10 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - ANNOUNCES GLOBAL LAUNCH OF EMACH.AI CLOUD FOR WHOLESALE BANKING
Further company coverage: INEE.NS
(([email protected];))
Oct 10 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - ANNOUNCES GLOBAL LAUNCH OF EMACH.AI CLOUD FOR WHOLESALE BANKING
Further company coverage: INEE.NS
(([email protected];))
Intellect Design Arena Says Emach.Ai Retail 6Dx Launched In Middle East
Sept 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - EMACH.AI RETAIL 6DX LAUNCHED IN MIDDLE EAST
Source text for Eikon: [ID:]
Further company coverage: INEE.NS
(([email protected];))
Sept 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - EMACH.AI RETAIL 6DX LAUNCHED IN MIDDLE EAST
Source text for Eikon: [ID:]
Further company coverage: INEE.NS
(([email protected];))
Intellect Design Arena Launches Emach.Ai Wealthforce.Ai In Middle East Region
Sept 18 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - LAUNCHES EMACH.AI WEALTHFORCE.AI IN THE MIDDLE EAST REGION
Source text for Eikon: ID:nnAPN23509J
Further company coverage: INEE.NS
(([email protected];))
Sept 18 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - LAUNCHES EMACH.AI WEALTHFORCE.AI IN THE MIDDLE EAST REGION
Source text for Eikon: ID:nnAPN23509J
Further company coverage: INEE.NS
(([email protected];))
Intellect And HCLTech Announces Strategic Alliance
Sept 16 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT AND HCLTECH ANNOUNCE STRATEGIC ALLIANCE
Source text for Eikon: ID:nBSE5rmZ1x
Further company coverage: INEE.NS
(([email protected];;))
Sept 16 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT AND HCLTECH ANNOUNCE STRATEGIC ALLIANCE
Source text for Eikon: ID:nBSE5rmZ1x
Further company coverage: INEE.NS
(([email protected];;))
India's Intellect Design Arena rises on launching AI-based finance platform in Sri Lanka
** Shares of Intellect Design Arena INEE.NS rise as much as 4.1%, last up 0.8% to 1,007.2 rupees
** Fintech firm launches AI-based finance platform "eMACH.ai" in Sri Lanka
** Stock likely to retain weekly gains for fifth straight week; up 1.1% so far this week
** INEE up 20.5% YTD vs 2.3X rise in rival PB Fintech PBFI.NS
(Reporting by Varun Vyas in Bengaluru)
** Shares of Intellect Design Arena INEE.NS rise as much as 4.1%, last up 0.8% to 1,007.2 rupees
** Fintech firm launches AI-based finance platform "eMACH.ai" in Sri Lanka
** Stock likely to retain weekly gains for fifth straight week; up 1.1% so far this week
** INEE up 20.5% YTD vs 2.3X rise in rival PB Fintech PBFI.NS
(Reporting by Varun Vyas in Bengaluru)
Intellect Design Arena Launches Emach.Ai
Sept 12 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA LTD - INTELLECT LAUNCHES EMACH.AI
INTELLECT DESIGN ARENA LTD - LAUNCH OF EMACH.AI TAILORED FOR SRI LANKAN FINANCIAL LANDSCAPE
Source text for Eikon: ID:nBSE8tz9Jg
Further company coverage: INEE.NS
(([email protected];))
Sept 12 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA LTD - INTELLECT LAUNCHES EMACH.AI
INTELLECT DESIGN ARENA LTD - LAUNCH OF EMACH.AI TAILORED FOR SRI LANKAN FINANCIAL LANDSCAPE
Source text for Eikon: ID:nBSE8tz9Jg
Further company coverage: INEE.NS
(([email protected];))
Intellect Design Arena Says UAE's National Bank Of Fujairah Chooses Intellect's Emach.Ai Cloud
Aug 8 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - UAE'S NATIONAL BANK OF FUJAIRAH CHOOSES INTELLECT'S EMACH.AI CLOUD
Source text for Eikon: ID:nNSE1GYf8j
Further company coverage: INEE.NS
(([email protected];))
Aug 8 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA - UAE'S NATIONAL BANK OF FUJAIRAH CHOOSES INTELLECT'S EMACH.AI CLOUD
Source text for Eikon: ID:nNSE1GYf8j
Further company coverage: INEE.NS
(([email protected];))
Intellect Design Arena June-Quarter Consol Net Profit 744.6 Mln Rupees
July 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA JUNE-QUARTER CONSOL NET PROFIT 744.6 MILLION RUPEES
INTELLECT DESIGN ARENA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.06 BILLION RUPEES
Source text for Eikon: ID:nBSE4rKX6g
Further company coverage: INEE.NS
(([email protected];))
July 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA JUNE-QUARTER CONSOL NET PROFIT 744.6 MILLION RUPEES
INTELLECT DESIGN ARENA JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 6.06 BILLION RUPEES
Source text for Eikon: ID:nBSE4rKX6g
Further company coverage: INEE.NS
(([email protected];))
Intellect Design Arena Says Vancity Selects Co For Emach.Ai Composed Digital Transformation
June 25 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA LTD - VANCITY SELECTS INTELLECT FOR EMACH.AI COMPOSED DIGITAL TRANSFORMATION
INTELLECT DESIGN ARENA LTD - VANCITY SELECTS INTELLECT FOR EMACH.AI COMPOSED DIGITAL TRANSFORMATION IN 7-YEAR DEAL
Source text for Eikon: [ID:]
Further company coverage: INEE.NS
(([email protected];))
June 25 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT DESIGN ARENA LTD - VANCITY SELECTS INTELLECT FOR EMACH.AI COMPOSED DIGITAL TRANSFORMATION
INTELLECT DESIGN ARENA LTD - VANCITY SELECTS INTELLECT FOR EMACH.AI COMPOSED DIGITAL TRANSFORMATION IN 7-YEAR DEAL
Source text for Eikon: [ID:]
Further company coverage: INEE.NS
(([email protected];))
India's Intellect Design Arena set for best day in more than 2 months
** Shares of Intellect Design Arena Ltd INEE.NS rise as much as 6.6% to 961.80 rupees, biggest intraday percentage gain since March 21
** Consumer banking unit of co launched a digital engagement banking platform that can help cos to create engagement throughout clients' banking lifecycle
** Stock on track to rise for 2nd straight day
** More than 530,000 shares traded as of 1:05 p.m. IST, higher than their 30-day moving avg of 490,214 shares
** INEE last up 2.4%, adding to YTD gains of ~10.5%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
** Shares of Intellect Design Arena Ltd INEE.NS rise as much as 6.6% to 961.80 rupees, biggest intraday percentage gain since March 21
** Consumer banking unit of co launched a digital engagement banking platform that can help cos to create engagement throughout clients' banking lifecycle
** Stock on track to rise for 2nd straight day
** More than 530,000 shares traded as of 1:05 p.m. IST, higher than their 30-day moving avg of 490,214 shares
** INEE last up 2.4%, adding to YTD gains of ~10.5%
(Reporting by Meenakshi Maidas in Bengaluru)
(([email protected];))
Intellect Design Arena Says Intellect Global Consumer Banking Launches eMACH.ai Digital Engagement Platform
June 5 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT GLOBAL CONSUMER BANKING LAUNCHES EMACH.AI DIGITAL ENGAGEMENT PLATFORM
Source text for Eikon: ID:nNSE5C4Tdz
Further company coverage: INEE.NS
(([email protected];))
June 5 (Reuters) - Intellect Design Arena Ltd INEE.NS:
INTELLECT GLOBAL CONSUMER BANKING LAUNCHES EMACH.AI DIGITAL ENGAGEMENT PLATFORM
Source text for Eikon: ID:nNSE5C4Tdz
Further company coverage: INEE.NS
(([email protected];))
REFILE-India's Intellect Design Arena plunges on Q4 profit fall
Corrects to remove extraneous word "of" from headline
** Shares of Intellect Design Arena INEE.NS down as much as 15.7% to 864 rupees, their biggest intraday drop since March 2020
** The software services provider reported a 19.5% Y/Y fall in its March-qtr consolidated net profit to 729.7 mln rupees ($8.7 mln)
** Revenue from operations fell marginally by 0.3% Y/Y
** More than 2 mln shares change hands by 10:04 a.m. IST, 4x the 30-day moving avg
** INEE on track to snap three straight weeks of gains, if trend holds
** Including session's move, stock is up 6.5% YTD
($1 = 83.4925 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Corrects to remove extraneous word "of" from headline
** Shares of Intellect Design Arena INEE.NS down as much as 15.7% to 864 rupees, their biggest intraday drop since March 2020
** The software services provider reported a 19.5% Y/Y fall in its March-qtr consolidated net profit to 729.7 mln rupees ($8.7 mln)
** Revenue from operations fell marginally by 0.3% Y/Y
** More than 2 mln shares change hands by 10:04 a.m. IST, 4x the 30-day moving avg
** INEE on track to snap three straight weeks of gains, if trend holds
** Including session's move, stock is up 6.5% YTD
($1 = 83.4925 Indian rupees)
(Reporting by Navamya Ganesh Acharya in Bengaluru)
(([email protected]; +91 8805175330 ;))
Intellect Design Arena March-Quarter Consol Net Profit Falls
May 9 (Reuters) - Intellect Design Arena Ltd INEE.NS:
MARCH-QUARTER CONSOL NET PROFIT 729.7 MILLION RUPEES VERSUS PROFIT 906.6 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.14 BILLION RUPEES VERSUS 6.15 BILLION RUPEES
DIVIDEND 3.50 RUPEES PER SHR
Further company coverage: INEE.NS
(([email protected];))
May 9 (Reuters) - Intellect Design Arena Ltd INEE.NS:
MARCH-QUARTER CONSOL NET PROFIT 729.7 MILLION RUPEES VERSUS PROFIT 906.6 MILLION RUPEES
MARCH-QUARTER CONSOL REVENUE FROM OPERATIONS 6.14 BILLION RUPEES VERSUS 6.15 BILLION RUPEES
DIVIDEND 3.50 RUPEES PER SHR
Further company coverage: INEE.NS
(([email protected];))
India's Intellect Design Arena rises after partnership expansion
** Shares of Indian software services provider Intellect Design Arena INEE.NS up around 3%, easing from session-high jump of 5.4%
** Co said National Bank of Kuwait expanded partnership with co's transaction banking platform
** INEE set to snap five-session-long losing streak
** Trading vols 1.5x 30-day avg
** YTD stock has risen ~22% after a more than 87% jump in 2023
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Shares of Indian software services provider Intellect Design Arena INEE.NS up around 3%, easing from session-high jump of 5.4%
** Co said National Bank of Kuwait expanded partnership with co's transaction banking platform
** INEE set to snap five-session-long losing streak
** Trading vols 1.5x 30-day avg
** YTD stock has risen ~22% after a more than 87% jump in 2023
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
India's Intellect Design Arena extends gains, hits record high
** Software services provider Intellect Design Arena INEE.NS jumps 7% to a record high of 1,195 rupees, its third all-time high so far this month
** INEE currently up nearly 3%
** Only stock gaining in 100-member Nifty small-cap index .NIFSMCP100 which is down 4%
** More than 3.9 mln shares trade, 4.7x the 30-day avg volume
** If gains hold, stock set to rise for fourth straight session; climbed nearly 4% in last three sessions
** Reuters could not immediately ascertain the reason for stock move
** INEE up 37.3% YTD, vs small-cap index's 4% decline
(Reporting by Rama Venkat in Bengaluru)
** Software services provider Intellect Design Arena INEE.NS jumps 7% to a record high of 1,195 rupees, its third all-time high so far this month
** INEE currently up nearly 3%
** Only stock gaining in 100-member Nifty small-cap index .NIFSMCP100 which is down 4%
** More than 3.9 mln shares trade, 4.7x the 30-day avg volume
** If gains hold, stock set to rise for fourth straight session; climbed nearly 4% in last three sessions
** Reuters could not immediately ascertain the reason for stock move
** INEE up 37.3% YTD, vs small-cap index's 4% decline
(Reporting by Rama Venkat in Bengaluru)
Intellect Design Arena Says Co's Transaction Banking Speicalist Deployed By European Bank In France
Feb 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:
DEAL WIN - IGTB'S CORPORATE TREASURY EXCHANGE PLATFORM DEPLOYED BY EUROPEAN BANK IN FRANCE
Further company coverage: INEE.NS
(([email protected];))
Feb 26 (Reuters) - Intellect Design Arena Ltd INEE.NS:
DEAL WIN - IGTB'S CORPORATE TREASURY EXCHANGE PLATFORM DEPLOYED BY EUROPEAN BANK IN FRANCE
Further company coverage: INEE.NS
(([email protected];))
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What does Intellect Design do?
Intellect Design Arena Limited is a global leader in financial technology, offering solutions for banking, insurance, and financial services. Their products help institutions excel as service providers, fostering industry growth and success.
Who are the competitors of Intellect Design?
Intellect Design major competitors are Birlasoft, CE Info Systems, eClerx Services, Sonata Software, Happiest Minds Tech., Nazara Technologies, Newgen Software Tech. Market Cap of Intellect Design is ₹10,554 Crs. While the median market cap of its peers are ₹9,566 Crs.
Is Intellect Design financially stable compared to its competitors?
Intellect Design seems to be less financially stable compared to its competitors. Altman Z score of Intellect Design is 9.06 and is ranked 6 out of its 8 competitors.
Does Intellect Design pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Intellect Design latest dividend payout ratio is 14.91% and 3yr average dividend payout ratio is 12.41%
How has Intellect Design allocated its funds?
Companies resources are allocated to majorly unproductive assets like Cash & Short Term Investments
How strong is Intellect Design balance sheet?
Balance sheet of Intellect Design is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Intellect Design improving?
The profit is oscillating. The profit of Intellect Design is ₹267 Crs for TTM, ₹321 Crs for Mar 2024 and ₹267 Crs for Mar 2023.
Is the debt of Intellect Design increasing or decreasing?
Yes, The debt of Intellect Design is increasing. Latest debt of Intellect Design is -₹201.74 Crs as of Sep-24. This is greater than Mar-24 when it was -₹408.42 Crs.
Is Intellect Design stock expensive?
Yes, Intellect Design is expensive. Latest PE of Intellect Design is 39.03, while 3 year average PE is 31.8. Also latest EV/EBITDA of Intellect Design is 22.66 while 3yr average is 20.51.
Has the share price of Intellect Design grown faster than its competition?
Intellect Design has given lower returns compared to its competitors. Intellect Design has grown at ~-2.94% over the last 3yrs while peers have grown at a median rate of 3.9%
Is the promoter bullish about Intellect Design?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Intellect Design is 29.95% and last quarter promoter holding is 30.05%
Are mutual funds buying/selling Intellect Design?
The mutual fund holding of Intellect Design is increasing. The current mutual fund holding in Intellect Design is 6.67% while previous quarter holding is 5.93%.